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Feb 15, 2011
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this is president obama's 2012 spending plan. >> well, you guys are doing great work. keep it up. i'm proud of you. >> reporter: at a middle school in baltimore, he fired the first shot in the battle over budget cuts. >> we have a responsibility to invest in those areas that will have the biggest impact in our future. >> reporter: he wants to invest in education and other areas, like research, building power plants, and encouraging electric cars. republicans say america just can't afford it. >> it's a plan that says fulfilling the president's vision of a future of trains and windmills is more important than a balanced checkbook. >> reporter: the presses's plan cuts $1 trillion from the deficit over ten years. cuts in defense, community grants, and home heating assistance programs for the poor. even the white house acknowledges its budget isn't the final word. brian moore, nbc news, washington. >> now here's a look at other stories making news early today in america. in florida horrific collision was caught on dash cam. a bicyclist was seriously injured when a police cruiser plowed
this is president obama's 2012 spending plan. >> well, you guys are doing great work. keep it up. i'm proud of you. >> reporter: at a middle school in baltimore, he fired the first shot in the battle over budget cuts. >> we have a responsibility to invest in those areas that will have the biggest impact in our future. >> reporter: he wants to invest in education and other areas, like research, building power plants, and encouraging electric cars. republicans say america...
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Feb 15, 2011
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you talk about president obama in elevating. the only thing he is doing is outspending the rest of the world. innovation should come from the private sector, not just from government. thank you so much. guest: taxes on american families are apple lowest level that they have been in decades. the democratic congress working with president obama has lowered taxes for american families to the lowest level in decades. we felt that was important to do and we did and we are committed to continuing those tax cuts for middle-class americans, working americans. we are deeply concerned about the debt and the deficit. in the decade before president hu, came in, we saw an increase -- in the decade before the president came in, we saw an increase, there was a surplus of $10 trillion. we saw a tax cuts that were not paid for and we had to borrow the money. we have two wars, $1 trillion that is not paid for and expansion of medicare which was not paid for. there are key differences. i hope we find the common ground going forward. american peopl
you talk about president obama in elevating. the only thing he is doing is outspending the rest of the world. innovation should come from the private sector, not just from government. thank you so much. guest: taxes on american families are apple lowest level that they have been in decades. the democratic congress working with president obama has lowered taxes for american families to the lowest level in decades. we felt that was important to do and we did and we are committed to continuing...
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Feb 15, 2011
02/11
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but as people are getting their first look at president obama's proposed new budget, they are seeing the potential impact of subtracting $1 trillion. the white house warned its $3.7 trillion budget proposal would contain painful cuts. >> if we're going to walk the walk, when it comes to fiscal discipline, these kind of cuts will be necessary. >> reporter: but when the budget hit the halls of congress, it hit critics, who say the cuts aren't big enough. >> this is not an i got the message budget. it's unserious. and it's irresponsible. >> reporter: or who say the cuts are too much. >> to stop cutting some of these things that we need. >> reporter: she's worried about $2.5 billion gone from heating assistance. pell grant assistance would be gone from summer classes. and high-income earners could see the bush tax cuts eliminated. >> we're so far in debt that he needs to make significant cuts. >> reporter: the budget puts more money in places like education, the internet, and to clean energy. republicans say there is no room for extra spending. >> we've looked at these numbers. and these
but as people are getting their first look at president obama's proposed new budget, they are seeing the potential impact of subtracting $1 trillion. the white house warned its $3.7 trillion budget proposal would contain painful cuts. >> if we're going to walk the walk, when it comes to fiscal discipline, these kind of cuts will be necessary. >> reporter: but when the budget hit the halls of congress, it hit critics, who say the cuts aren't big enough. >> this is not an i got...
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Feb 15, 2011
02/11
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obama wet, windy weather expected to recesrecess. slight chance of showers by the weekend. >> erica: tuesday morning commute looks good, and your problems on the bay bridge light conditions approaching san francisco. no problems having to san francisco. san mateo, over and the construction, in the northbound direction. westbound-92 ramp will be closed. it will reopen after 5:00 a.m., there is a detour. lots of space between cars. golden gate bridge, southbound-101 very quiet you can't see too many cars on the road nice, easy conditions speeds above 65 mi. per hour. james. > >> james: of berkeley police officer is recovering after his car was struck by another car trying to run from police officers saw on this beating across the oakland berkeley border that's when the surgeon tried to stop him. the driver fled, running a stop sign hitting the passenger side of the patrol car. the driver was treated and then taken into custody. police still looking for two men who robbed a value in escaping with cash. they entered the front office at t
obama wet, windy weather expected to recesrecess. slight chance of showers by the weekend. >> erica: tuesday morning commute looks good, and your problems on the bay bridge light conditions approaching san francisco. no problems having to san francisco. san mateo, over and the construction, in the northbound direction. westbound-92 ramp will be closed. it will reopen after 5:00 a.m., there is a detour. lots of space between cars. golden gate bridge, southbound-101 very quiet you can't see...
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Feb 15, 2011
02/11
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to see the difference of overall spending and overall revenue and i know there are tax increases in obama care and significant spending and the chairman of the budget committee said that obamacare itself spends $2.66 trillion. so, that's a lot of money. >> well, i always have said this so many times before that you must get tired of hearing it. but we did don't that health care bill, because we wanted somebody to throw a brick through my window or my life threatened. we did it because 17% of the gdp was spent on health care and rising all of the time and at such a clip that there is no way in the world to keep up with it. and the eventually, the way we are going is to simply paying social security and medicare and very little else and we did it really to try to get it under control health care spending in the united states and i would like to see it work. the same debate you are making now was made about social security and medicare and they would be the ruin nation of the world. >> i made a lot of debates on that myself, and of course, we have two different viewpoints on how to approach
to see the difference of overall spending and overall revenue and i know there are tax increases in obama care and significant spending and the chairman of the budget committee said that obamacare itself spends $2.66 trillion. so, that's a lot of money. >> well, i always have said this so many times before that you must get tired of hearing it. but we did don't that health care bill, because we wanted somebody to throw a brick through my window or my life threatened. we did it because 17%...
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Feb 15, 2011
02/11
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. >>> president obama will meet with tech business leaders on thursday to talk about green jobs and technology. the meeting will be private. the president will stay overnight before moving on to oregon on friday. and we just got word that the president will also hold a press conference for 8:00 this morning our time. nbc news will have a special report coming up during the "today" show in a couple hours. >>> egypt's military is running the country this morning, but it is about what is next. a member of a committee appointed to amend egypt's constitution says the new document is going to be temporary. he says radical changes will not be made right now but restrictions on freedoms will be removed. and the new constitution will only be used until democratic rule is established. >>> neen meantime, iranian leaders are calling for the execution of two leaders of anti-government protests. this is the amateur videoof yesterday's protests posted on youtube from iran. it shows iranian security forces using tear gas on protesters. dozens of demonstrators were detained and one person was shot and killed d
. >>> president obama will meet with tech business leaders on thursday to talk about green jobs and technology. the meeting will be private. the president will stay overnight before moving on to oregon on friday. and we just got word that the president will also hold a press conference for 8:00 this morning our time. nbc news will have a special report coming up during the "today" show in a couple hours. >>> egypt's military is running the country this morning, but...
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Feb 15, 2011
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the private sector has been creating jobs under the democratic policies, under president obama's guidance and frankly under this new budget that we'll debate, that's not what we're debating today, that speaks about competitiveness and speaks about infrastructure rebuilds, putting americans to work. so my gripe with the c.r. that my friends on the other side of the aisle have now put forward is that they originally came up with a $60 billion to $74 billion, maybe a thoughtful analysis of what we could cut, remember now, this is in the middle of you working and all of a sudden somebody comes and gives you a pink slip. but rather than stick with what might have been a thoughtful analysis and again i had not studied it, it had not been introduced, all of a sudden they go by the -- we have to be dominated by voices of which force us without thought to now make it $100 billion. i'm as angry about the deficit and want a strong budget that we're not doing right now and want to work with my good ranking member, chairman of the defense subcommittee in the last congress, mr. dicks, on a thoughtful p
the private sector has been creating jobs under the democratic policies, under president obama's guidance and frankly under this new budget that we'll debate, that's not what we're debating today, that speaks about competitiveness and speaks about infrastructure rebuilds, putting americans to work. so my gripe with the c.r. that my friends on the other side of the aisle have now put forward is that they originally came up with a $60 billion to $74 billion, maybe a thoughtful analysis of what we...
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Feb 15, 2011
02/11
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i think most democrats have praised president obama for attempting to address deficits in the future. at the same time, some of the praise has been lukewarm and in fact he has also been targeted for some criticism by some members of his own party, the congressional black caucus chairman, emanuel cleaver, question why he was cutting programs particularly those for the disadvantaged at a time when we have got such high unemployment and such pain going on in the country. >> now that the president has unveiled his vision for spending, when and how will congress work on crafting a budget for next year? >> the joke is that the president budget is dead on arrival when it gets to congress. there is no obligation to the house or the senate budget committees to really pay attention to anything he put out there so it is more of a talking point in more of a position. this budget committees will start getting to work fairly soon here starting to develop their budgets for fiscal 2012 which begins october 1 of this year and runs through september 30 of next year. those committees probably will mark
i think most democrats have praised president obama for attempting to address deficits in the future. at the same time, some of the praise has been lukewarm and in fact he has also been targeted for some criticism by some members of his own party, the congressional black caucus chairman, emanuel cleaver, question why he was cutting programs particularly those for the disadvantaged at a time when we have got such high unemployment and such pain going on in the country. >> now that the...
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Feb 15, 2011
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friday that shows that $105.5 billion are automatically triggered for spending that will implement obama care whether or not we shut off the funds in the c.r. going forward. these are automatic appropriations. i believe, and i've seen it for a long time and worked on this thing for, ever since mid last summerer, that we need to shut off all funding for obamacare in every propings bill going forward and we had the assurance we would have regular order. the regular order that we have is, an open rule that closes out an amendment that would shut off the funding that's automatically appropriated by obamacare. if we'd had a full regular order, i could have brought that amendment before he the subcommittee opingses, have somebody do that, or the full pro-ips committee and i followed all those paths until such time as it wasn't written into the bill, as was shutting off funding to the transferring people out of gitmo or cutting off the 1099 or the stimulus plan of the president. all of that is written out in the bill. but nothing is in the bill that allows us to write out the automatic $105 bil
friday that shows that $105.5 billion are automatically triggered for spending that will implement obama care whether or not we shut off the funds in the c.r. going forward. these are automatic appropriations. i believe, and i've seen it for a long time and worked on this thing for, ever since mid last summerer, that we need to shut off all funding for obamacare in every propings bill going forward and we had the assurance we would have regular order. the regular order that we have is, an open...